The travel industry is buzzing with excitement as LGT Business Connextions Limited gears up for its Initial Public Offering (IPO). Slated to open on August 19, 2025, this IPO aims to raise 28.09 Crores by offering shares on the BSE SME Platform. For investors eyeing opportunities in the growing travel and tourism sector, this could be one to watch.
LGT Business Connextions specializes in integrated travel solutions, aggregating services from third-party hotels, airlines, and visa agents. Whether directly or through leading aggregators, the company has carved a niche in catering to diverse travel needs, from corporate MICE (Meetings, Incentives, Conferences, and Exhibitions) to leisure holidays and bespoke programs.
The issue comprises 26,25,600 equity shares, each with a face value of 10 and priced at 107 per share. The allocation breakdown is as follows: 12,46,800 equity shares for Non-Institutional Investors, another 12,46,800 for Individual Investors, and 1,32,000 for Market Makers.
So, where will the raised capital go? The net proceeds are earmarked for capital expenditure, working capital requirements, and general corporate purposes. This infusion of funds is expected to bolster the company’s market presence, expand its service offerings, and fuel growth across domestic and international destinations.
The IPO window is tight, opening on August 19 and closing on August 21, 2025. Mark Corporate Advisors Private Limited is the Lead Manager, while Skyline Financial Services Private Limited serves as the Registrar to the Offer.
Mr. Wilfred Selvaraj, Managing Director of LGT Business Connextions, is optimistic. He shared, “Our IPO represents a transformative opportunity to accelerate the company’s growth. With a focus on innovation, service excellence, and strategic partnerships, we are well-positioned to leverage the rising demand in India’s travel and tourism industry.”
The Lead Manager echoed this sentiment, highlighting the company’s strong presence in the integrated travel solutions space. “The proposed issue will provide the capital required to accelerate expansion and enhance service capabilities,” they noted. Given India’s rapidly growing travel sector, LGT Business Connextions appears poised to capitalize on emerging opportunities.
For investors, this IPO offers a chance to be part of a company with a clear growth strategy and a proven management team. The travel industry’s rebound post-pandemic makes this an intriguing proposition. Will you be tuning in when the IPO opens?